USDCAD is now backtesting and made descending daily trendline and now its making a backtesting ascending trendline... if you like my analysis please give a thumbs up and follow me for future analysis......HAPPY TRADING...
The market has been rejected several times along the bearish resistance line. It seems like buyers are not strong enough and the sellers look like accumulating profits by consolidating positions. Beware of the resistance which could be tested again. To lookup: - Volumes confirming that we are in a long run down. - Pullback on the resistance blue...
We are currently consolidating within the rising wedge where we could consider opening a short position. It also outlines perfectly with our resistance zone as seen on the chart. This is quite a risky trade as the bulls seem to have the higher hand here, however, we do seem to be entering an overbought zone. This is NOT a financial advice, trade at your own risk!
An opportunity to short the Dow has presented itself. Price couldn't break through resistance and is retreating. Setup is invalidated if price goes back up above resistance. We should see the lows from a couple weeks back retested and perhaps even broken.
+ Price is continusing the move to the down side (bears are in control) + Currently, price is respecting the new resistance (rejection spotted multiple times) + I will be looking to short this pair and target the next nearest support as a first target Feel Free to comment your idea below. Disclaimer the content on this analysis is subject to change at any time...
EURAUD bounce in a range bound, the price is rejecting the resistance zone therefore I am looking at a good opportunity to short. Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
AS discussed in my previous chart, resistance zone has been established with the downward breaking gap. Look out, price may be rejected at 1250 to1252.50l levels and may find support at 12370(todays low levels) and previously established supports
TVC:EUBUND Hello dear trader, first of all thank you for reacting to this analysis proposal with a like or a comment if you agree or if you have corrections to add! We have a ascending triangele in formation REASON OF BEARISH: 1- PRICE ACTION AND REJECTION OF THE RESISTANCE 2-RSI ABOVE 70
We see various signals that EUR JPY will have a good opportunity here for a short position. 1) First of all we see a large number of consecutive green candles that made the RSI go out of our oversold region all the way into overbought in a very short time. This is a sign of unsustainable growth 2) This growth has been reduced suddenly by staying still around the...
Daily resistance reached Double top formed If breakout happened at 4H support line, downtrend
Among one of our favorite counters, been trading in and out this counter multiple times since it was trading above 0.60 point. It can be seen that D&O is trying to break 0.765 resistance barrier multiple times with no avail. A good example of EMA rebound stocks. Watch out for possible further upside once it breaks the 0.765 level with volume.
Hello everyone, The NZDCAD shows multiple bearish signs: - Rejection on 1M resistance level - Current price tested 1W upper channel line and rejected - Bearish divergence on 4H using RSI - Fibonacci Extension Golden Ratio reached on 1.61 Maybe there's a very good opportunity to open short on current price 0.8716, using as TP 0.8523 (strong 4H support near from...
KSS had a gap down on earnings on May 21st. This is the third time price has gotten near or tested the gap resistance level & it has been rejected each time. Price seems to be falling from this level again as it sits in an overbought condition. It provides a short opportunity with a couple of Fibonacci Extension levels provided with the dashed green lines.
An update from my previous INTC post on October 24th. The price has continued moving higher since the positive earnings announcement but the price seems to have been rejected right at gap resistance. Just have to wait and see where the stock can find support. I'm looking around $54.80 which is the 100% Fibonacci Extension level.
USD & CAD are suffering bad data outputs and lack of demand for oil. We could see this market testing the bottom of the short term range around the 1.315 zone looking for direction. Further drop in manufacturing data could see further downside.
On this pair (gbpusd) based on my analysis the price hits its previous daily structure which is the resistance level. to confirm that it will reverse to the up side is that we need to see rejecting candles so as false breakout, If not then price will break though daily structure and continue to the downside.
I'm in short here again ;) I said yestarday that "Ok guys, I came into conclusion with BTC, if we close daily below 10100, or next 2 4h candles below 10050, Im shorting again." But! as PA changes all the time, it was a good choice for yestarday only, but now I see that even though we closed above 10100, we are failing to preserve this level here again, and thus I...